I currently live in WA state and invest out of state for buy and holds.

I am a long-term investor with a buy and hold property in Brooklyn, NY and I also own multiple lands in Florida and Mississippi.

Then bought my own deal the following year 37.7k sq ft warehouse on 4 acres in Plano.Been buying industrial for last 6 years.I think your plan is right, I'm a big proponent of joint venturing on commercial deals.

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.

What else would you do with the cash if not buying another investment property?

Please feel free to reach out to me and my team if you would like to come up with a game plan and build your buy box. 

Once you can define what you are looking for then you can create your "Buy Box". 

My daily job is to buy commercial real estate.

It’s never as simple as it first appears, which is why we always advise our clients to let the math guide the choice.

Investment Info:Single-family residence buy & hold investment.